Taiwan has announced its support for TSMC’s plans to invest in the US, while also ensuring that the most advanced semiconductor technology remains within the country.
The statement, made by the presidential office on Tuesday, reassured that Taiwan would assist the semiconductor giant in its future US investments.
However, the government emphasised that Taiwan would retain its cutting-edge chip technologies to secure its position as a leader in the global semiconductor industry.
TSMC, Taiwan’s largest chipmaker, revealed plans for a significant $100 billion investment in the US to expand its presence and build five new chip manufacturing facilities over the coming years.
The announcement was made during a meeting between TSMC’s CEO and US President Donald Trump on Monday.
Move like this one is part of a broader push to bolster semiconductor production in the US, particularly in response to global supply chain issues and national security concerns surrounding chip dependence on foreign markets.
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Democratic lawmakers are calling for an explanation from the Pentagon after reports surfaced about an order to pause offensive cyber operations against Russia during sensitive negotiations aimed at ending the war in Ukraine.
The decision to halt such operations, which disrupt rival computer networks, is not unusual in the context of diplomatic efforts but has raised concerns among lawmakers. The order was first reported by The Record and later confirmed by two anonymous sources familiar with the matter.
Senate Minority Leader Chuck Schumer criticised the move, calling it a ‘critical strategic mistake’ and arguing that ‘the best defence is always a strong offence’, especially in cybersecurity.
Representative Adam Smith, the top Democrat on the House Armed Services Committee, also demanded that the Pentagon provide Congress with details regarding the scope of the pause and its potential impact on US allies. He further questioned whether a risk assessment was made before the decision.
The Pentagon declined to comment on the matter, citing operational security concerns. The pause in cyber operations comes amid rising tensions surrounding President Donald Trump’s recent dealings with Russia, including a public clash with Ukrainian President Volodymyr Zelenskiy.
Trump has shifted US policy by engaging in talks with Moscow and openly criticising Zelenskiy, suggesting that America could pull its support for Ukraine if the war does not end soon.
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Twenty-three industry groups across Europe have urged EU officials to approve a draft cybersecurity certification for cloud services.
The certification scheme, which was introduced in 2020 by the European Union Agency for Cybersecurity (ENISA), aims to provide governments and businesses with reliable, secure cloud service providers.
It has been under revision since last year, with changes that favour major tech firms such as Microsoft, Google, and Amazon.
The groups, including the American Chamber of Commerce and various EU trade associations, argue that the updated draft, which will be finalised in March 2024, strikes a balance between robust security standards and an open market.
These revisions removed political provisions, such as requirements for US tech companies to partner with EU firms for data storage, focusing instead on technical security criteria.
Despite this, concerns linger about the European Commission potentially delaying or even scrapping the certification scheme altogether. The groups have strongly urged the EU to push forward with its adoption, believing it will support Europe’s digital economy while promoting secure cloud computing solutions.
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United States officials are reviewing whether the UK breached a bilateral agreement by reportedly pressuring Apple to create a ‘backdoor’ for government access to encrypted iCloud backups.
Apple recently withdrew an encrypted storage feature for UK users following reports that it had refused to comply with such demands, which could have affected users worldwide. The Washington Post reported that Apple rejected the UK government’s request.
The US director of national intelligence, Tulsi Gabbard, confirmed in a letter to lawmakers that a legal review is underway to determine if the UK violated the CLOUD Act.
Under the agreement, neither the US nor the United Kingdom can demand data access for citizens or residents of the other country. Initial legal assessments suggest the UK’s reported demands may have overstepped its authority under the agreement.
Apple has long defended its encryption policies, arguing that creating a backdoor for government access would weaken security and leave user data vulnerable to hackers. Cybersecurity experts warn that any such backdoor, once created, would inevitably be exploited.
The tech giant has clashed with regulators over encryption before, notably in 2016 when it resisted US government efforts to unlock a terrorism suspect’s iPhone.
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Singapore‘s government is investigating a fraud case involving servers supplied by US companies, potentially containing Nvidia’s advanced chips. Three men, including a Chinese national, were charged last week in connection with the alleged illegal transfer of these AI chips from Singapore to Chinese firm DeepSeek. Singapore’s Home Affairs and Law Minister K Shanmugam confirmed that the servers were provided by Dell Technologies and Super Micro Computer to local firms before being sent to Malaysia.
Authorities are still unsure whether Malaysia was the final destination, but they are working with US officials to determine if the servers contained restricted US export-controlled items. The US is already investigating whether DeepSeek has used banned Nvidia chips, which could lead to violations of export laws. The case forms part of a broader probe into suspected smuggling activities linked to AI chips being moved from countries like Singapore to China.
Singapore, a key market for Nvidia, is also examining allegations that DeepSeek may have acquired thousands of advanced Nvidia chips illegally. However, DeepSeek has denied these claims, stating that it only used legally purchased chips, including the Nvidia H800 model. The investigation is ongoing, with Singapore continuing to cooperate with US authorities.
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US Defense Secretary Pete Hegseth has ordered a pause on all cyber operations against Russia, including offensive actions, as part of a broader reassessment of US operations related to Russia. The duration and specifics of the pause remain unclear, according to multiple US media reports. The Pentagon declined to comment on the matter, citing operational security concerns.
This move comes amid US President Donald Trump’s push for negotiations to end the war in Ukraine, as well as his recent criticism of Ukrainian President Volodymyr Zelensky. Trump has positioned himself as a mediator between Russian President Vladimir Putin and Zelensky, calling for less focus on Putin.
Despite media reports suggesting a shift in cyber strategy, US National Security Adviser Mike Waltz denied any policy change regarding cyber operations against Russia. He emphasised that efforts to end the war would continue with a range of diplomatic and strategic tools.
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Chinese technology startups are scrambling for fresh funding to capitalise on the growing excitement around AI, fueled by DeepSeek‘s AI breakthrough and President Xi Jinping’s recent support for private enterprises. Companies such as AI-powered optics startup Rid Vision, brain-computer interface firm AI CARE Medical, and robotics maker Shanghai Qingbao Engine Robotics are among those seeking new onshore investments, according to venture capitalist Andrew Qian.
The surge in investment interest comes after a long period of stagnation in China‘s venture capital sector. New Access Capital, which has invested in several AI startups, noted that many businesses are now attracting both cooperation discussions and investment offers. The DeepSeek case has highlighted the rise of innovative Chinese tech firms, moving away from previous trends of copycat startups, and offering hope for a revitalised venture capital environment.
Despite the growing investor enthusiasm, challenges remain. The strict regulatory scrutiny of initial public offerings (IPOs) in China, coupled with heightened tensions between China and the US, complicate the prospects for exit strategies. Venture capital firms are particularly focused on AI-related businesses, with several companies in sectors like AI image generation and medical tech securing significant funding in recent weeks.
However, the overall fundraising environment remains difficult. Data shows a sharp decline in venture capital investments since 2021, and while investor sentiment has improved post-DeepSeek, concerns over the regulatory landscape and geopolitical tensions persist. Some analysts remain cautious about the near-term outlook for IPOs, especially for offshore listings.
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Three men have been charged with fraud in Singapore as part of an investigation that may be linked to the illegal transfer of advanced Nvidia chips to the Chinese AI company, DeepSeek. The United States is also probing whether DeepSeek used US-made chips, which are prohibited from being shipped to China. This case is part of a wider investigation into potential AI chip smuggling operations involving several individuals and companies across countries, including Singapore.
The charges focus on two Singaporeans, Aaron Woon Guo Jie and Alan Wei Zhaolun, who are accused of falsely claiming that Nvidia chips would not be transferred to unauthorised recipients. A third man, Chinese national Li Ming, is charged with committing similar fraud regarding the shipment of servers. These actions are believed to be connected to DeepSeek’s use of Nvidia chips, although the authorities have not confirmed the company’s involvement.
If convicted, the men could face up to 20 years in prison, a fine, or both. Singapore’s authorities have been actively investigating the smuggling network, with police recently arresting nine individuals in a raid across 22 locations, seizing records and electronic evidence.
Nvidia’s business in Singapore is substantial, making it the company’s second-largest market after the US. However, only a small percentage of its revenue comes from direct shipments to the country. Singapore’s government has emphasised its commitment to strict enforcement of export controls, underscoring that the nation will not tolerate any attempts to evade international regulations.
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At a conference in Hyderabad this week, pharmaceutical companies highlighted the growing role of artificial intelligence in evolving the drug development process. Companies like Amgen and Parexel showcased how AI can reduce trial times, with Parexel demonstrating a model that speeds up drug safety reports by 30-45 minutes. Industry experts believe that AI can potentially halve the costs and time needed to develop drugs, cutting down the process from over a decade to just a few years.
Beyond speeding up trials, AI is also aiding in drug discovery and medical diagnostics. For instance, AI is being used to repurpose existing drugs for new uses and to analyse medical images, potentially identifying conditions such as cancer that might be missed by human doctors. Medtronic’s CTO stressed that integrating AI across the industry is essential to its future success.
Despite these technological strides, the conference was overshadowed by ongoing uncertainty regarding US President Trump’s proposed tariffs on pharmaceutical imports. Companies, particularly those based in India, expressed concern over the potential impact of these tariffs, with some, like Dr Reddy’s, opting to take a ‘wait and watch’ approach until further clarity emerges. This tariff uncertainty remains a pressing issue for India’s pharmaceutical industry, which is a major exporter of affordable drugs to the US.
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Deutsche Telekom CEO Tim Hoettges has urged Germany and Europe to invest more in artificial intelligence and data centres to stay competitive with the US and Asia. Speaking after the release of the company’s annual results, Hoettges stressed the need for Europe to increase its computing power, citing a growing demand for data centres that he expects to rise by at least 30%. Deutsche Telekom is already expanding its infrastructure with plans to build four new data centres in Europe, aiming to create one gigawatt of capacity.
Hoettges also emphasised the importance of AI for Europe’s economic growth and sovereignty in the digital age. His comments come as Europe strives to catch up with major AI investments made by the US, with the European Commission pledging to mobilise 200 billion euros for AI development. This contrasts with the US, where private companies have committed up to $500 billion to AI infrastructure.
The call for greater AI investment follows a wave of AI advancements, such as China’s DeepSeek model, which has begun to challenge Western competitors. Hoettges warned that Germany must act quickly or risk falling behind in the global AI race.
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